California completes the second leg of its three-pronged $14B note and bond offering with the...

|By:, SA News Editor

California completes the second leg of its three-pronged $14B note and bond offering with the sale of $3.275B in taxable bonds, mostly Build America Bonds. The 30-year portion of the BABs - $2.11B - sold at a yield of 7.519%. The state sold $525M more than planned because of strong institutional investor demand.